AVEW Holdings Inc. (AVEW)

[Acc441]

"ONLY PAYABLE for the first 4 fights.." LOL ONLY??


Okay...the CEO, MR. NERISON, agreed to pay the sum of 50k to a person who fronted the company 55k...and on top of that agreed to allow that same person to convert preferred shares into common shares equal in value to 55k on the date of conversion?? So for 55k CEO Nerison agreed to pay this person back 50k in cash AND 55k in stock?? And this all transpired in roughly 9-10 months??That exceeds the company's current pace for gross revenues... for the entire year!LOL

Why would Mr. Nerison do this? TIA